Searches And Hires
The plan’s full board will approve the investment committee’s commitments this week.
The city expects to award a contract in June.
The deferred compensation plan conducted a similar search in 2021.
The state investment management board recently made three private equity commitments.
The search is expected to conclude in the second quarter.
The pension fund swapped domestic mid-cap value equity managers due to underperformance from the incumbent.
The search is in conjunction with a recommendation to place a domestic small- to mid-cap equity manager on watch.
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
The pension plan is seeking value-add real estate managers to handle up to $12 million.
The retirement fund also approved an infrastructure pacing plan earlier this month.